For each of the items below. indicate whether it is (1) A cash flow from an operating

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For each of the items below. indicate whether it is

(1) A cash flow from an operating activity.

(2) A cash flow from an investing activity.

(3) A cash flow from a financing activity.

(4) A noncash investing and financing activity.

(5) None of the above.

a. Paid cash to retire bonds payable al a loss.

b. Received cash as settlement of a lawsuit.

c. Acquired a patent in exchange for common stock.

d. Received advance payments from customers on orders for custom-made goods.

e. Gave large cash contribution to local university.

f. Invested cash in 60-day commercial paper (a cash equivalent).

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Financial Accounting

ISBN: 9781618531650

5th Edition

Authors: Michelle Hanlon, Robert Magee, Glenn Pfeiffer, Thomas Dyckman

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Question Posted: Oct 15, 2021 03:32 AM

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For each of the items below. indicate whether it is (1) A cash flow from an operating

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a 3 Cash flow from a financing activity b 1 Cash flow fro...View the full answer

Financial Accounting

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